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President names location of Russian Silicon Valley

      RBC, 18.03.2010, Moscow 16:30:49.The center for the development of the commercialization of new technologies - the Russian Silicon Valley - will be set up in the Moscow suburb of Skolkovo, Russian President Dmitry Medvedev announced today, the Rossiya 24 TV channel reported. "We will build the center at a place where we can get a head start and complete the work quickly," he stated.

      Medvedev indicated that developing technologies was the government's top priority at the moment. Skolkovo will be turned into a city where the president's five high-tech spheres will be developed on the basis of the center: energy, IT, telecommunications, biomedicine and nuclear technologies.

      Medvedev also indicated that Skolkovo was chosen as the location for the Russian Silicon Valley because of its proximity to existing scientific centers, as well as the region's accessibility by transport.

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